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Side-by-side financial comparison of Clarus Corp (CLAR) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $33.9M, roughly 1.9× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -47.8%, a 56.4% gap on every dollar of revenue. On growth, Spok Holdings, Inc posted the faster year-over-year revenue change (-0.1% vs -8.4%). Clarus Corp produced more free cash flow last quarter ($11.6M vs $10.1M). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -2.9%).
Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
CLAR vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $65.4M | $33.9M |
| Net Profit | $-31.3M | $2.9M |
| Gross Margin | 27.7% | 76.7% |
| Operating Margin | -59.6% | 11.6% |
| Net Margin | -47.8% | 8.7% |
| Revenue YoY | -8.4% | -0.1% |
| Net Profit YoY | 52.3% | -19.6% |
| EPS (diluted) | $-0.81 | $0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $65.4M | $33.9M | ||
| Q3 25 | $69.3M | $33.9M | ||
| Q2 25 | $55.2M | $35.7M | ||
| Q1 25 | $60.4M | $36.3M | ||
| Q4 24 | $71.4M | $33.9M | ||
| Q3 24 | $67.1M | $34.9M | ||
| Q2 24 | $56.5M | $34.0M | ||
| Q1 24 | $69.3M | $34.9M |
| Q4 25 | $-31.3M | $2.9M | ||
| Q3 25 | $-1.6M | $3.2M | ||
| Q2 25 | $-8.4M | $4.6M | ||
| Q1 25 | $-5.2M | $5.2M | ||
| Q4 24 | $-65.5M | $3.6M | ||
| Q3 24 | $-3.2M | $3.7M | ||
| Q2 24 | $-5.5M | $3.4M | ||
| Q1 24 | $21.9M | $4.2M |
| Q4 25 | 27.7% | 76.7% | ||
| Q3 25 | 35.1% | 78.3% | ||
| Q2 25 | 35.6% | 79.5% | ||
| Q1 25 | 34.4% | 80.1% | ||
| Q4 24 | 33.4% | 78.5% | ||
| Q3 24 | 35.0% | 79.5% | ||
| Q2 24 | 36.1% | 78.9% | ||
| Q1 24 | 35.9% | 79.5% |
| Q4 25 | -59.6% | 11.6% | ||
| Q3 25 | -4.4% | 12.9% | ||
| Q2 25 | -19.7% | 15.1% | ||
| Q1 25 | -11.2% | 16.6% | ||
| Q4 24 | -70.2% | 13.7% | ||
| Q3 24 | -8.0% | 14.2% | ||
| Q2 24 | -14.4% | 13.2% | ||
| Q1 24 | -9.8% | 14.0% |
| Q4 25 | -47.8% | 8.7% | ||
| Q3 25 | -2.3% | 9.5% | ||
| Q2 25 | -15.3% | 12.8% | ||
| Q1 25 | -8.7% | 14.3% | ||
| Q4 24 | -91.8% | 10.8% | ||
| Q3 24 | -4.7% | 10.5% | ||
| Q2 24 | -9.7% | 10.1% | ||
| Q1 24 | 31.6% | 12.1% |
| Q4 25 | $-0.81 | $0.13 | ||
| Q3 25 | $-0.04 | $0.15 | ||
| Q2 25 | $-0.22 | $0.22 | ||
| Q1 25 | $-0.14 | $0.25 | ||
| Q4 24 | $-1.72 | $0.17 | ||
| Q3 24 | $-0.08 | $0.18 | ||
| Q2 24 | $-0.14 | $0.17 | ||
| Q1 24 | $0.57 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.7M | $25.3M |
| Total DebtLower is stronger | $0 | — |
| Stockholders' EquityBook value | $196.4M | $146.4M |
| Total Assets | $249.0M | $206.1M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.7M | $25.3M | ||
| Q3 25 | $29.5M | $21.4M | ||
| Q2 25 | $28.5M | $20.2M | ||
| Q1 25 | $41.3M | $19.9M | ||
| Q4 24 | $45.4M | $29.1M | ||
| Q3 24 | $36.4M | $27.8M | ||
| Q2 24 | $46.2M | $23.9M | ||
| Q1 24 | $47.5M | $23.3M |
| Q4 25 | $0 | — | ||
| Q3 25 | $2.0M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $1.9M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $37.0K | — |
| Q4 25 | $196.4M | $146.4M | ||
| Q3 25 | $225.8M | $148.7M | ||
| Q2 25 | $225.1M | $150.9M | ||
| Q1 25 | $229.3M | $151.7M | ||
| Q4 24 | $233.1M | $154.7M | ||
| Q3 24 | $308.5M | $156.3M | ||
| Q2 24 | $307.3M | $158.2M | ||
| Q1 24 | $310.4M | $160.2M |
| Q4 25 | $249.0M | $206.1M | ||
| Q3 25 | $283.1M | $209.7M | ||
| Q2 25 | $286.5M | $208.7M | ||
| Q1 25 | $292.8M | $204.5M | ||
| Q4 24 | $294.1M | $217.1M | ||
| Q3 24 | $375.3M | $216.8M | ||
| Q2 24 | $369.4M | $216.4M | ||
| Q1 24 | $377.0M | $215.0M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.5M | $11.5M |
| Free Cash FlowOCF − Capex | $11.6M | $10.1M |
| FCF MarginFCF / Revenue | 17.7% | 29.9% |
| Capex IntensityCapex / Revenue | 1.4% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.9M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.5M | $11.5M | ||
| Q3 25 | $-5.7M | $8.1M | ||
| Q2 25 | $-9.4M | $7.0M | ||
| Q1 25 | $-2.1M | $2.3M | ||
| Q4 24 | $16.6M | $8.4M | ||
| Q3 24 | $-8.3M | $11.1M | ||
| Q2 24 | $834.0K | $7.4M | ||
| Q1 24 | $-16.4M | $2.0M |
| Q4 25 | $11.6M | $10.1M | ||
| Q3 25 | $-7.0M | $7.6M | ||
| Q2 25 | $-11.3M | $6.0M | ||
| Q1 25 | $-3.3M | $1.5M | ||
| Q4 24 | $14.4M | $7.5M | ||
| Q3 24 | $-9.4M | $10.3M | ||
| Q2 24 | $-744.0K | $6.8M | ||
| Q1 24 | $-18.3M | $1.1M |
| Q4 25 | 17.7% | 29.9% | ||
| Q3 25 | -10.0% | 22.4% | ||
| Q2 25 | -20.4% | 16.8% | ||
| Q1 25 | -5.4% | 4.2% | ||
| Q4 24 | 20.1% | 22.3% | ||
| Q3 24 | -14.0% | 29.4% | ||
| Q2 24 | -1.3% | 20.0% | ||
| Q1 24 | -26.3% | 3.2% |
| Q4 25 | 1.4% | 4.1% | ||
| Q3 25 | 1.8% | 1.6% | ||
| Q2 25 | 3.4% | 2.9% | ||
| Q1 25 | 2.0% | 2.1% | ||
| Q4 24 | 3.1% | 2.5% | ||
| Q3 24 | 1.6% | 2.4% | ||
| Q2 24 | 2.8% | 1.9% | ||
| Q1 24 | 2.7% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | — | 3.03× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | -0.75× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLAR
| Other | $37.1M | 57% |
| Outdoor Segment | $25.3M | 39% |
| Adventure Segment | $3.0M | 5% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
